Real estate is one of those huge profit-making sectors. It is not a segment that came into existence a few decades ago. It has been there from the day man considered land as a good investment. There are possibilities that you might know some good amount of information about real estate. But there are few facts that you might not know. In this article, we will see some of the interesting real estate facts.
The powerhouse and the value
The approximate value of the place where the most powerful man in the world stays is nearly 110 million dollars. Still cannot guess? What we meant was the white house.
Homes and Japan
If you are a homeowner in Japan, we really feel bad for you. It is said that most of the houses in Japan depreciate in value. More than fifty percent of the houses are demolished within forty years. So there is literally no market for the pre-owned houses in Japan. The worst part is that there are four times the number of architects and two times the number of construction workers in Japan when compared to the US.
As tall, it can get
Burj Khalifa which is one of the most iconic buildings not just in Dubai but in the entire world is so tall that you can have a clear view of the sunset from the base of the building. The total height of the building is 2720 feet.
The billion-dollar home
This could definitely be a surprise because there are very fewer possibilities that you will guess the right answer where this billion dollar home is located. This billion dollar home which is called Antilia is located in India, and its owner is Mukesh Ambani who is the richest person in Asia. It is twenty-seven-floor building with six floors dedicated for parking.
The home of Buffet
Warren Buffet who the chairman and CEO of Berkshire, lives in a house that he bought in the year 1958. It is said that he paid nearly 31,500 dollars to buy the house. The house might not look luxurious, but it is a landmark because he stays in it.
Homes and bombing ranges
In Florida, there are more than a thousand homes that are constructed on the top of World War 2 bombing range. It is because of that, people in the locality are finding bombs very often from 1998.
Competition at its peak
Just for the sake of being the tallest building the architect of Chrysler Building built it with a 125 feet long spire inside the building. The other building which was in competition was able to make only 119 feet.
Thinking that your house is small
If you are thinking that your house is small, you definitely need to think again. It is because in developing countries, the average size of the houses is just 75 square feet.